Jakarta Governor Sees Bank Jakarta IPO in 2027

JAKARTA, Investortrust.id — Jakarta Governor Pramono Anung says Bank Jakarta could launch an initial public offering in 2027 in Jakarta on Sunday, Jan 25, 2026 as improvements in corporate culture, professionalism, and fundamentals strengthen the regional lender’s readiness to enter the capital market.

Pramono said building a strong corporate culture was the main foundation for preparing Bank Jakarta to become a publicly listed company.

He stressed that a solid organizational culture was essential to support performance, competitiveness, and the level of transparency required by public investors.

“To become a bank listed on the Indonesia Stock Exchange, corporate culture must be properly built and become an inherent part of the company,” Pramono said on Sunday.

Beyond culture, he highlighted the importance of effective teamwork and a work smart approach, noting that banking demanded accuracy and efficiency in decision making.

He also underlined transparency and streamlined bureaucracy as key factors in building trust and preventing internal friction.

Pramono said he hoped Bank Jakarta would broaden its customer base and reduce reliance on the Jakarta provincial government.

“I am confident that next year Bank Jakarta can go public, become publicly owned, be trusted by the public, and have even stronger teamwork,” he said.

Meanwhile, Bank Jakarta President Director Agus Haryoto Widodo said management was strengthening corporate culture while finalizing preparations for the planned IPO.

He outlined three strategic initiatives scheduled for implementation throughout 2026 to reinforce fundamentals and boost investor confidence.

The first initiative involved upgrading technology infrastructure, including the development of two modern data centers, core banking system improvements, and stronger cyber security, targeted for completion by September 2026.

The second initiative focused on developing a new generation mobile banking application designed to be safer, faster, and more efficient, with a planned launch in June 2026 pending regulatory approval.

The third initiative aimed to strengthen the product portfolio through preparation for the launch of a Bank Jakarta credit card, expected to generate new income streams and complement the customer transaction ecosystem.